Multibase India Limited Posts Robust Q2 Growth with Net Income Doubling YoY

Multibase India Limited has reported a strong financial performance for the second quarter and six months ending September 30, 2024, showcasing significant year-on-year growth across key metrics.

Second Quarter Highlights

• Sales: Increased to ₹184.2 million, up from ₹162.64 million in Q2 FY23.
• Revenue: Rose to ₹204.36 million, compared to ₹180.42 million last year.
• Net Income: Nearly doubled, reaching ₹42.88 million, a notable increase from ₹20.12 million in the corresponding period last year.
• Earnings Per Share (EPS): Basic and diluted EPS surged to ₹3.4, compared to ₹1.59 in Q2 FY23.

Performance Over Six Months

• Sales: Climbed to ₹376.48 million, up from ₹343.44 million in the same period last year.
• Revenue: Reached ₹415.99 million, up from ₹377.89 million a year ago.
• Net Income: Recorded at ₹82.11 million, nearly doubling the ₹44.47 million achieved in the first half of FY23.
• Earnings Per Share (EPS): Basic and diluted EPS rose to ₹6.51, compared to ₹3.52 in the prior year.

Analysis

The company’s robust growth reflects its ability to drive increased sales and revenue while efficiently managing costs, resulting in a significant boost in profitability. The impressive year-on-year improvement in EPS highlights enhanced shareholder value and a strong operational performance.

Multibase India Limited’s stellar performance in Q2 and the first half of FY24 sets a solid foundation for continued growth and reinforces its position in the market.